Synthetix Network broke bullish of that falling wedge, the idea is to catch it on a possible pull-back.
Also, 100EMA seems to be acting as support now, that's why entry zone is down there!
Current Price= 0.0004010
Buy Entry= 0.0003915 - 0.0003813
Take Profit= 0.0004074 | 0.0004341 | 0.0004540
Stop Loss= 0.0003653
Risk/Reward= 1:1 | 1:2.26 | 1:3.2
Expected Profit= +5.43% | +12.34% | +17.49%
Possible Loss= -5.46%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 120h
Also, 100EMA seems to be acting as support now, that's why entry zone is down there!
Current Price= 0.0004010
Buy Entry= 0.0003915 - 0.0003813
Take Profit= 0.0004074 | 0.0004341 | 0.0004540
Stop Loss= 0.0003653
Risk/Reward= 1:1 | 1:2.26 | 1:3.2
Expected Profit= +5.43% | +12.34% | +17.49%
Possible Loss= -5.46%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 120h
Trade closed: target reached
TP1 reached with +5.43% (1x) and 1RPerfect dip catch for Synthetix, all entries filled then pumped to first target.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.